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November 28, 2012

Welfare Nation: For Every 1.65 Persons In The Private Sector - 1 Person Receives Welfare Assistance.

Topics: Political News and commentaries

Barack Obama's Amerika, where work and success is criticized and punished ... and failure to work is rewarded, is well on its way to becoming a nanny state with more people being supported by taxpayers than there are taxpayers to pay for them. In fact, under Obama, we're now at the point that for every 1.65 employed persons in the private sector, 1 person receives welfare assistance ... and for every 1.25 employed persons in the private sector, 1 person receives welfare assistance or works for the government. Anyone that thinks these are sustainable ratios or that the trend is anything other than fiscally disastrous, is too stupid to be allowed an opinion.

Via Tyler Durden at Zero Hedge:

Exactly two years ago, some of the more politically biased progressive media outlets (who are quite adept at creating and taking down their own strawmen arguments, if not quite as adept at using an abacus, let alone a calculator) took offense at our article "In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year." In it we merely explained what has become the painful reality in America: for increasingly more it is now more lucrative - in the form of actual disposable income - to sit, do nothing, and collect various welfare entitlements, than to work. This is graphically, and very painfully confirmed, in the below chart from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg). As quantitied, and explained by Alexander, "the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045."
Durden chart 1.jpg
We realize that this is a painful topic in a country in which the issue of welfare benefits, and cutting (or not) the spending side of the fiscal cliff, have become the two most sensitive social topics. Alas, none of that changes the matrix of incentives for most Americans who find themselves in a comparable situation: either being on the left side of minimum US wage, and relying on benefits, or move to the right side at far greater personal investment of work, and energy, and... have the same disposable income at the end of the day.
This is scary enough, but we haven't gotten to the scariest part yet. The part that tells us where Barack Obama's wealth-redistribution has already taken us and where we're now headed from there.

Bottom line, American who actually work and pay their taxes should feel like idiots. But as Tyler goes on to suggest, for now, they should just stick their heads in the sand, and pretend all is good. Self-deception is now the only thing left for the entire insolvent entitlement-addicted world ... and especially here in Amerika.

Posted by Hyscience at November 28, 2012 11:26 AM



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